Israel Englander Millennium Management
Israel “Izzy” Englander is the founder of Millennium Management, one of the world’s largest multi-strategy hedge fund platforms. Millennium allocates capital across hundreds of independent teams rather than a single house view, with rigorous risk controls at the platform level. Englander’s model has been highly influential in the rise of pod-shop multi-manager structures across the industry.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
American Electric Power
AEP
|
+$300M |
| 2 |
NBL
Noble Energy, Inc.
NBL
|
+$274M |
| 3 |
DTE Energy
DTE
|
+$243M |
| 4 |
Teva Pharmaceuticals
TEVA
|
+$215M |
| 5 |
Ameren
AEE
|
+$214M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
PXD
Pioneer Natural Resource Co.
PXD
|
+$231M |
| 2 |
Dominion Energy
D
|
+$185M |
| 3 |
Hilton Worldwide
HLT
|
+$157M |
| 4 |
Microsoft
MSFT
|
+$155M |
| 5 |
CSX Corp
CSX
|
+$135M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 15.88% |
| 2 | Energy | 11.87% |
| 3 | Financials | 9.18% |
| 4 | Consumer Discretionary | 8.98% |
| 5 | Industrials | 8.17% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1376
Bankunited
BKU
$3.3B
| $5.35M | 0.01% |
163,301
-632,122
| -79% | -$19.4M |
|
1377
ABM Industries
ABM
$2.73B
| $5.34M | 0.01% |
167,572
-1,840
| -1% | -$55.5K |
|
1378
Stride
LRN
$3.56B
| $5.34M | 0.01% |
339,637
+25,317
| +8% | +$376K |
|
|
TDAY
1379
USA Today Co
TDAY
$953M
| $5.34M | 0.01% |
223,076
+169,351
| +315% | +$3.93M |
|
1380
Evertec
EVTC
$1.79B
| $5.33M | 0.01% |
243,944
-142,424
| -37% | -$3.01M |
|
1381
Assembly Biosciences
ASMB
$719M
| $5.32M | 0.01% |
33,483
+25,272
| +308% | +$3.42M |
|
|
ABB
1382
DELISTED
ABB Ltd
ABB
| $5.3M | 0.01% |
250,252
-95,814
| -28% | -$1.97M |
|
1383
Mercury Insurance
MCY
$5.79B
| $5.29M | 0.01% |
91,663
+72,558
| +380% | +$4.08M |
|
|
SHOR
1384
DELISTED
ShoreTel, Inc.
SHOR
| $5.29M | 0.01% |
776,013
+552,407
| +247% | +$3.95M |
|
1385
PUT
Invesco CurrencyShares Euro Currency Trust
FXE
$361M
| $5.29M | 0.01% |
+50,000
| New | +$5.53M |
|
1386
United Natural Foods
UNFI
$2.88B
| $5.29M | 0.01% |
68,615
+61,927
| +926% | +$4.85M |
|
|
FLY
1387
DELISTED
Fly Leasing Limited
FLY
| $5.28M | 0.01% |
362,557
+108,223
| +43% | +$1.54M |
|
1388
Axalta
AXTA
$7.79B
| $5.28M | 0.01% |
191,099
+143,642
| +303% | +$3.87M |
|
|
TMHC
1389
DELISTED
Taylor Morrison
TMHC
| $5.23M | 0.01% |
250,820
+129,104
| +106% | +$2.41M |
|
1390
Angi Inc
ANGI
$200M
| $5.21M | 0.01% |
88,787
+75,671
| +577% | +$4.47M |
|
|
DGI
1391
DELISTED
DigitalGlobe Inc.
DGI
| $5.21M | 0.01% |
+152,977
| New | +$4.78M |
|
|
DANG
1392
DELISTED
E-COMMERCE CHINA DANGDANG INC SPNSRD ADS REP COM CL A (CYM)
DANG
| $5.2M | 0.01% |
544,361
-84,272
| -13% | -$739K |
|
1393
Heritage Insurance Holdings
HRTG
$1.02B
| $5.2M | 0.01% |
+236,113
| New | +$4.78M |
|
|
HEES
1394
DELISTED
H&E Equipment Services
HEES
| $5.17M | 0.01% |
206,765
+97,164
| +89% | +$2.19M |
|
|
ETP
1395
DELISTED
Energy Transfer Partners, L.P.
ETP
| $5.13M | 0.01% |
+124,000
| New | +$5.25M |
|
1396
Supernus Pharmaceuticals
SUPN
$2.64B
| $5.13M | 0.01% |
423,938
-136,120
| -24% | -$1.29M |
|
1397
HealthEquity
HQY
$8.81B
| $5.11M | 0.01% |
+204,335
| New | +$4.43M |
|
1398
Allegion
ALLE
$13.6B
| $5.1M | 0.01% |
83,408
-340,561
| -80% | -$19.5M |
|
|
CONN
1399
DELISTED
Conn's Inc.
CONN
| $5.09M | 0.01% |
168,237
+47,215
| +39% | +$1.08M |
|
1400
First Interstate BancSystem
FIBK
$3.53B
| $5.07M | 0.01% |
182,238
+112,387
| +161% | +$2.94M |
|
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Israel Englander's Q1 2015 Portfolio in Review
As of Q1 2015, Israel Englander held 4,613 positions worth $53.7B, up 14% from $47.2B the previous quarter. Its ten largest holdings account for 11% of the portfolio.
Israel Englander deployed $5.19B of net new capital in Q1 2015, opening 744 new positions and adding to 1,445 existing holdings. Its largest new stake was DTE Energy: 3,384,348 shares worth $232M.
By sector, the portfolio is most concentrated in Healthcare at 16% of assets, up from 15% a quarter earlier, followed by Energy and Financials.
On the sell side, the largest reduction was Pioneer Natural Resource Co., an estimated $231M trimmed.
- Israel Englander's largest Q1 2015 buy was DTE Energy: 3,384,348 shares worth $232M.
- Israel Englander added most to American Electric Power in Q1 2015, an estimated $300M increase.
- Israel Englander's biggest Q1 2015 reduction was Pioneer Natural Resource Co., cutting an estimated $231M.
- Israel Englander fully exited Seadrill Limited Common Stock in Q1 2015, selling an estimated $110M.
- Israel Englander's ten largest holdings make up 11% of its $53.7B portfolio in Q1 2015.
- Israel Englander opened 744 new positions and closed 1,104 in Q1 2015.
- Israel Englander's portfolio value rose 14% quarter-over-quarter to $53.7B.
Based on Millennium Management's 13F filing for Q1 2015, filed 15 May 2015.